DMC Global Closes $300 Million Senior Secured Credit Facility
BROOMFIELD, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced it has closed a $300 million, five-year senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed draw term loan.
- BROOMFIELD, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced it has closed a $300 million, five-year senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed draw term loan.
- The facility replaces DMC’s prior $200 million credit facility.
- “This new credit facility holds our leverage and debt service costs to a prudent level,” said Eric Walter, CFO.
- The $50 million term loan and approximately $70 million of the $200 million revolving credit facility will be used to refinance DMC’s existing bank debt.